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supporter of facing compliance. we want to smooth the transition from an opec, unregulated market to a transparent regulated market place. as chairman bachus said if i can quote you, you want to make it operational, sink together and function. so in the midst of that implementation and its of pasta, it's a natural order of things that many market participants have sought further guidance. sometimes the questions, early. but as all of us know, as we're all in school at one point, sometimes we do our papers late come into the night, the day before it is too. and that's just human nature. we will address questions that come up early, and will do our best to address them even if they come up late. prior to a milestone on october 12 commend this milestone was just because the sec and s. -- the cftc finished the foundatiofoundatio nal definition rules, the definition of swapping swap did and so forth went into effect on october 12. we got a lot of those questions, some early, some late. along with my fellow commissioners and staff can we sort through about 20 issues, and i think we sort
. it required outstanding diplomacy and -- to balance the risks and demands of peace in the sort of opec security environment of the cold war period, which perhaps, perhaps most people to remember but perhaps some do not. so, before turning the program over to marvin though, i would just like to mention, we have a new book that's very pertinent to the subject, the reagan-gorbachev arms control breakthrough, edited by david t. jones, and dedicated to ambassador, the late ambassador maynard whitman, who was the principal inf treaty negotiator and leader of or inf delegation. and copies of this book are available at the baca the room for those of you who would like to purchase one afterwards. so without further a due it's my pleasure, to wish all happy holidays and to turn the program over to marvin. marvin? >> thank you very much, this. it's always a pleasure for me to be asked to come here to moderate a panel. my life has been absolved with the foreign service for an awful long time. though i only work in the foreign service for a year and a half. 1956-seven and moscow. but since that tim
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